Previous Quarters weren't "great". They had mixed results and left many questions such as how Avanzar would fit in, was it worth buying into, how are they dealing with G & A expenses, what will Phase 1 ultimately cost? Those are just a few of the questions I personally had, and waited for this last 10-Q to find out for myself. Hint: it didn't end up very well.
This isn't some new company btw. MINE has already failed at this beverage venture once before, so being critical of it now on a second attempt is fully justified imo. A few quarters can definitely show whether MGMT is screwing up or not. They've been running up debt for a while now, and it doesn't look like Vanis has this situation under control yet, hence why I'm giving it 1 more Quarter to see if this company is going to trade in the trips or not.
Longs have been showcasing the "positives" for months, and telling bears that they're wrong or making excuses for this price action, such as going as far and saying the stock has been "manipulated". Well, the stock dropped from .012 to .0023, so I doubt it's all "manipulation" like some cry foul about. Bears don't need convincing here, it's the ones that visit the message board or look into this company's financials that do. We could go on about the stores not selling or who's right or wrong, but the fact of the matter is, Vanis hasn't done a significant buy-back recently or returned shares (as far as I know at the moment).
We went from already known about events, to forward looking statements. Good luck spinning all of that.
DO YOUR OWN DUE DILIGENCE. ALL POSTS ARE OPINION. DO NOT SELL/BUY BASED ON MY COMMENTS.
